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Cable Update (GBPUSD)

  • #114,501
  • Jan 23, 2009 9:34am Jan 23, 2009 9:34am
Quoting uut
don't you see the chart which navin has been posted?

short @ 1.3674
Missed the chart on first posting.

Thanks.
  • #114,502
  • Jan 23, 2009 9:40am Jan 23, 2009 9:40am
For those of us who are short, here's what I'm looking at. I want the current 15m candle to close lower than 3638. She's bouncing on the 15m 35sma. I'm covered at +2 currently watching to see how this next 15m turns out. Also, looking at the hourly chart, the opening price of the last candle 3625. I would consider a long if the 15m candle doesn't close below the 3638 with SL just below the 3625. REMEMBER to account for your spread in your SL.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #114,503
  • Jan 23, 2009 9:44am Jan 23, 2009 9:44am
I first started trading forex to hedge beteen gbp and usd

Soon I want to fix the exchange rate on the USD I own in the bank so i can change it into GBP at no worse than 1.36 ish or whatever

Just found the answer

I buy the currency ETF (exchange traded fund) - ticker symbol fxb

12 month high 204.25 - current 136.43

easy ! if i did it as a gbp long on forex trading, it would cost me big interest

so - problem solved ! Now we can rumble
  • #114,504
  • Jan 23, 2009 9:49am Jan 23, 2009 9:49am
Quoting eohater
For those of us who are short, here's what I'm looking at. I want the current 15m candle to close lower than 3638. She's bouncing on the 15m 35sma. I'm covered at +2 currently watching to see how this next 15m turns out. Also, looking at the hourly chart, the opening price of the last candle 3625. I would consider a long if the 15m candle doesn't close below the 3638 with SL just below the 3625. REMEMBER to account for your spread in your SL.

Trade well!
EO
I closed my short, went long at 3630 w/ TIGHT SL.
Just digging in the trenches like everyone else!
  • #114,505
  • Jan 23, 2009 9:56am Jan 23, 2009 9:56am
HELLO!!!! Is everyone asleep!!!
Just digging in the trenches like everyone else!
  • #114,506
  • Jan 23, 2009 9:58am Jan 23, 2009 9:58am
Looks like in longer term GBPUSD is going to 1,3000 level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-01-23_1210_GU.png Size: 29 KB
  • #114,507
  • Jan 23, 2009 9:59am Jan 23, 2009 9:59am
Quoting eohater
I closed my short, went long at 3630 w/ TIGHT SL.
Covering at +2. She's acting crazy!!
Just digging in the trenches like everyone else!
  • #114,508
  • Jan 23, 2009 10:00am Jan 23, 2009 10:00am
Quoting eohater
HELLO!!!! Is everyone asleep!!!
It's been quiet on the thread today - it's the elliot wave guys fault, they scared everyone else off with the techno babble speak.
  • #114,509
  • Jan 23, 2009 10:02am Jan 23, 2009 10:02am
Quoting eohater
I closed my short, went long at 3630 w/ TIGHT SL.
you were right - well spotted - i had a ride on your coat tails
  • #114,510
  • Jan 23, 2009 10:03am Jan 23, 2009 10:03am
Quoting eohater
Covering at +2. She's acting crazy!!
It's Friday, bro. Close to the London fix.
Hi, my name is Barry and you can keep your doctor...
  • #114,511
  • Jan 23, 2009 10:04am Jan 23, 2009 10:04am
Quoting allserene
you were right - well spotted - i had a ride on your coat tails
Thank you! I've taken half off at 3700 and the rest is at +25.
Just digging in the trenches like everyone else!
  • #114,512
  • Jan 23, 2009 10:06am Jan 23, 2009 10:06am
nice call eo.

I'm not having the best of days so far, down 30pips, can't get a handle on it yet today
  • #114,513
  • Jan 23, 2009 10:09am Jan 23, 2009 10:09am
Quoting cisco
It's Friday, bro. Close to the London fix.
She's looking good now!
Just digging in the trenches like everyone else!
  • #114,514
  • Jan 23, 2009 10:09am Jan 23, 2009 10:09am
Quoting ezodisy
nice call eo.

I'm not having the best of days so far, down 30pips, can't get a handle on it yet today

Sorry to hear! Don't sweat 30 pips. You can get them back with the right setup.
Just digging in the trenches like everyone else!
  • #114,515
  • Jan 23, 2009 10:11am Jan 23, 2009 10:11am
Quoting eohater
She's looking good now!
We've got a little resistance to work through. I was hoping for 1.3750, but now I don't know.
Hi, my name is Barry and you can keep your doctor...
  • #114,516
  • Jan 23, 2009 10:12am Jan 23, 2009 10:12am
Here's what I'm looking at on my long. SL at 3655, pullback on the next 15m candle to aroud 3678. Then a bounce northward to around the 1h 50. If the next 15m candle does pull back to 3678 and closes with a tight wick (LITTLE). Might be a nice entry for a long. Careful though. We are in a downtrend. The 1h candle is going to have to fight to get over 3727. If we get a pin on the 15m. Longs are off the table for me. Let's see how she plays out.
Just digging in the trenches like everyone else!
  • #114,517
  • Jan 23, 2009 10:14am Jan 23, 2009 10:14am
Quoting eohater
HELLO!!!! Is everyone asleep!!!
I was.....

Missed all of this...
Patience + Discipline - Greed = Success
  • #114,518
  • Jan 23, 2009 10:15am Jan 23, 2009 10:15am
Quoting Infinity
I was.....

Missed all of this...
I missed most myself brother! No worries though. There's always pips to be had and nice setups around the corner. I'm surprised you didn't take the short off the 3828 we talked about last night.
Just digging in the trenches like everyone else!
  • #114,519
  • Jan 23, 2009 10:17am Jan 23, 2009 10:17am
Quoting cisco
We've got a little resistance to work through. I was hoping for 1.3750, but now I don't know.
I think we'll see it and more. I'm looking around 3800 myself. SL has moved to +35 at 3665
Just digging in the trenches like everyone else!
  • #114,520
  • Jan 23, 2009 10:17am Jan 23, 2009 10:17am
Quoting eohater
I missed most myself brother! No worries though. There's always pips to be had and nice setups around the corner. I'm surprised you didn't take the short off the 3828 we talked about last night.
I was too tired bro!... but the setup was there....
Patience + Discipline - Greed = Success
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